Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Oatly Group AB (“Oatly”) securities between May 20, 2021 and November 15, 2021, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the Latin American assets acquired by Oatly lacked adequate licenses to operate and were overvalued; (2) the acquisition of the Latin American assets would enrich Oatly’s CEO and other insiders at the expense of shareholders; and (3) as a result of the foregoing, Defendants’ positive statements about Oatly’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On July 17, 2024, the Court granted Final Approval of the Class Action Settlement. This action has concluded.
Please be advised that the deadline to file a claim was July 25, 2024. If you have any questions or need further information about this settlement, you may go to the following website www.OatlySecuritiesSettlement.com, or you can contact the claims administrator, Gilardi & Co. at 1-888-298-4510.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; or via e-mail at info@ktmc.com.